Put a Lock on Your Customer DataFebruary 1, 2010 – In The News
In today’s world, data has become the currency of commerce, and as such, businesses have a financial, ethical and legal responsibility to protect that data in their custody. Many states have enacted laws that require businesses to provide notification of security breaches involving personally identifiable information. And as the cost of data breaches continues to rise, it is necessary for a company to ensure a powerful set of online security tools are implemented.
But for some companies, that may not be enough. "It really depends on what business you're in," says Scott Vernick, who handles risk management and litigation pertaining to data security. Businesses in sectors such as finance and health care are subject to "a fair amount of federal and state regulation already, but all businesses have an affirmative obligation to maintain a certain level of network security," he states.